Micron's Earnings Report Triggers Storage Short Squeeze, Whales' 'Sell the Top' Strategy Leads to Roughly $5.9 Million Loss in Massive Storage Short Positions

BlockBeats News, June 25th, according to Hyperinsight monitoring, the "sell on rallies" whale has heavily shorted various targets in the AI industry chain, with main positions focused on Micron Technology, SK Hynix, and the DRAM Index short. After Micron's financial report triggered a surge in the storage sector, the three short positions simultaneously suffered significant losses:

MU (4x leverage): Size $7.26 million, average price $871, loss $2 million;

SK Hynix SKHX (4x leverage): Size $15.3 million, average price $1461, loss $3.13 million;

DRAM (4x leverage): Size $4.37 million, average price $63.4, loss $0.79 million.

The total loss of the three positions is approximately $5.92 million. Currently, MU, SKHX, and DRAM have risen by 11.5%, 10.6%, and 9.6% respectively during the day. The three major whale targets on-chain still maintain a bearish stance, with nominal short/long ratios of 1.5, 1.4, and 1.75 respectively. The average cost of opening positions for large holders is as follows:

MU: The average price for long whales is around $1066, for short whales around $894, and the current price is $1220;

SKHX: The overall average prices for long and short positions are almost the same around $1638, just below the current price of $1876;

DRAM: The overall average price for long positions is around $68.5, for short positions around $72.1, and the current price is around $78.3.

Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444